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Plan to charge £43 per consignment could see some small businesses struggle to stay openMany UK businesses which import food products from the European Union will have to pay a special “Brexit tax” that will further drive up prices, particularly in sma…
Amazon UK Services received tax credit of £7.7m for investment in infrastructure under Rishi Sunak’s super-deduction schemeAmazon’s main UK division has paid no corporation tax for the second year in a row after benefiting from tax credits on a chunk o…
Campaigners for tax reform say similar levies in Europe have helped to reduce inequality A modest wealth tax on the richest 350 families in the UK could raise more than £20bn a year – enough to fund the construction of 145,000 new affordable homes a …
UK ministers will use improved forecast to claim plans are working – but IMF also urged more action to protect vulnerable peopleJeremy Hunt was quick to welcome the International Monetary Fund’s improved economic forecasts. Britain was now on track for…
Cost of period products has risen and campaigners say saving is not being passed on by retailersThe Treasury is analysing whether the removal of the “tampon tax” – trumpeted last week by Rishi Sunak as one of the benefits of Brexit – has helped lower p…
PM says Labour criticism of family tax arrangements doesn’t bother him, as rich list shows he and his wife have lost £200mRishi Sunak has said he is “not bothered” by Labour’s criticism of his wealthy family’s tax arrangements and thinks the UK has “mo…
Jeremy Hunt’s freeze on allowances and thresholds will put a quarter of teachers and one-eighth of nurses in 40% income tax bracketOne in four teachers and one in eight nurses will be higher-rate taxpayers by 2027 as a result of the government’s record…
Removing VAT from sunscreens would cut incidence of skin cancer and could save lives, says cancer charity chiefThe high cost of sunscreen is resulting in more skin cancer cases, according to charities who are calling on the UK government to scrap VAT o…
International fund set up at Cop27 is intended to provide compensation to countries worst hit by climate breakdownA tax on wealthy Britons of just 0.5% could more than meet the UK’s entire “fair share” contribution to the international loss and damage …
Move comes as senior Tory blames party’s scrapping of housebuilding targets for poor local election resultsLabour is considering moves to levy higher taxes on foreign buyers of UK homes, as a senior Conservative blamed their party’s abolition of houseb…